Owner Builder Loan

Discussion in 'Introductions' started by Sarwan, 2nd Mar, 2020.

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  1. Sarwan

    Sarwan New Member

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    canberra
    Hi, Can I get 95% owner builder loan?
     
    Sarwan, 2nd Mar, 2020
    #1
  2. Lindsay_W

    Lindsay_W Well-Known Member

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    No
     
    Lindsay_W, 2nd Mar, 2020
    #2
    Terry_w likes this.
  3. Sarwan

    Sarwan New Member

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    Most lending institutions only lend up to 70% max. Is there any other way?
     
    Sarwan, 2nd Mar, 2020
    #3
  4. Sarwan

    Sarwan New Member

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    Hi, Thanks for your response. What other options are there for owner builders?
     
    Sarwan, 2nd Mar, 2020
    #4
  5. Lindsay_W

    Lindsay_W Well-Known Member

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    Get a builder to build it for you.
    Is there a specific reason you NEED to be an owner builder?
     
    Lindsay_W, 2nd Mar, 2020
    #5
    Terry_w and Property Twins like this.
  6. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Borrow against other property?
     
    Terry_w, 2nd Mar, 2020
    #6
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    Borrow the other 25% through another source ie second mortgage or a 2nd tier lender.
     
    Scott No Mates, 2nd Mar, 2020
    #7